The Bank of England left its main interest rate at a record low 0.50% on Thursday for the 29th month in a row amid weak economic growth in Britain and a debt crisis in the Euro-zone. The quantitative easing QE program was also left stand-by at £200 billion.
European Central Bank (ECB) announced Thursday it will offer a fresh round of loans to banks (*) in light of continuing fears about the Euro-zone debt crisis. ECB president Jean Claude Trichet said that economic uncertainty was particularly high'.
The United States Senate leaders ended an impasse over stalled free-trade agreements, agreeing to vote after the August recess on benefits for workers who lose their jobs because of overseas competition, which opens the way for the approval of pending agreements with Korea, Colombia and Panama.
After nearly six months of planning, the Chilean Embassy in the United States—headed by Ambassador Arturo Fermandois—is refining the final details for the opening of a new exhibit at the Smithsonian National Museum of National History in Washington, D.C., on the historic rescue of the 33 Chilean miners last October.
French pilots on Wednesday suspended cooperation with an inquiry into the 2009 crash of an Air France jet as a dispute over the causes of the disaster opened deep wounds in France's prestigious aeronautics industry.
Senior British MPs launched on Wednesday their latest stinging attack on the UK government’s defence cuts, saying they could leave the military overstretched, reports the Portsmouth press.
Chinese rating agency Dagong Global Credit Rating Co. said Wednesday it has cut the credit rating of the United States from A+ to A with a negative outlook after the U.S. federal government announced that the country's debt limit would be increased.
United States' debt woes still threaten the global economy despite the last-minute deal struck by the White House and political party leaders, China's main official newspaper said on Tuesday, adding there was no short-term escape from the dominance of the dollar.
Financial market pressure on Italy intensified on Tuesday, sucking Europe's second biggest debtor nation deeper into the Euro area danger zone and prompting emergency consultations in Rome and among European capitals.
Uruguay has condemned statements denying the Holocaust made by Iran's ambassador in Montevideo Hojatollah Soltani